Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.076%

Price spread now: Ondo Perps against GRVT−0.181%7-day average −0.184% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 7 days−0.110%−$11 · spread now −0.181%, 7d avg −0.184%

Together, before fees−0.267%+ Points / potential airdropGRVT: Active · Ondo Perps: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.184%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAG_USDT_Perp	66.200	0.0256	pay 0.0128% / 4h	1h 06m	$397K	$1.5M	25x
Short	Ondo Perps XAG-USD.P	66.080	0.0048	get 0.0006% / 1h	6m 58s	$5.7M	$9.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee Ondo PerpsbpOrdersPrice spread, now −0.181%Rate

Funding earned: −$43.68
Price spread: −0.181% → −0.184%: $0.29
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$57.39
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 1 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 1 min ago	0.75 bp	6.5 bp −$6	8.4 bp −$84	39.4 bp −$3,940	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XAG-USD	0.0000%	1h	66.142	−0.087%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.145	−0.083%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.170	−0.045%	$149.7M	$165.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	−0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.210	+0.015%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.200	0.000%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.109	−0.137%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.148	−0.079%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.096	−0.157%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.302%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.180	−0.030%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.605	+0.612%	—	—	25x	as long as short
Ondo Perps XAG-USD.Pshort	+0.0048%	1h	66.080	−0.181%	$5.7M	$9.7M	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.122	−0.118%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.097	−0.156%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.150	−0.076%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.123	−0.116%	$544K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.141	−0.089%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.126	−0.112%	$165.4M	$73.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.103	−0.147%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.120	−0.121%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.150	−0.076%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0125%	4h	66.170	−0.046%	$2.7M	$878K	100x	as long as short
Paradex XAG-USD-PERP	+0.0127%	8h	66.150	−0.075%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0128%	4h	66.190	−0.015%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDT	+0.0161%	4h	66.190	−0.015%	$2.6M	$552K	100x	as long as short
Variational Omni XAG	+0.0174%	4h	66.172	−0.042%	$5.6M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.165	−0.053%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.157	−0.065%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.155	−0.069%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.160	−0.060%	$106.5M	$154.1M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.169	−0.046%	$191.8M	$705.7M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	−0.030%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0200%	4h	66.201	+0.001%	$672K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.170	−0.045%	$27.7M	$65.9M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.111	−0.135%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0228%	1h	66.162	−0.058%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.170	−0.045%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perplong	+0.0256%	4h	66.200	long leg	$397K	$1.5M	25x
Bullet SILVER-USD	+0.0272%	1h	66.178	−0.034%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.170	−0.045%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.160	−0.060%	$63K	$336K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0359% / S −0.0386%	1h	66.185	−0.023%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0551%	1h	66.133	−0.101%	$912K	$674K	25x	as long as short